U.S. stocks rose, Dow Index rise 6.2 percent yearly rally, as expansion in U.S. industrial purchases and stronger new-home sales offset weaker-than-forecast consumer spending. Jakarta stocks rose to 2.5% yearly rally, followed by South Africa.
Europe stocks also rose although Fitch Ratings on Dec. 19 lowered France’s credit outlook and put the grades of nations including Spain and Italy on review for a downgrade, citing Europe’s failure to find a “comprehensive solution” to the debt crisis. European stocks rose this week as reports showing a decline in U.S. jobless claims and increases in consumer confidence and durable-goods orders spurred optimism that the world’s biggest economy is strengthening.
Average for G-20 members growth is -13%, better than last week -15%. It’s only less than one week to finish 2011. Hope Santa will give a better optimism.
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